QUESTION: 5

Which two management departments are responsible for the success of information processing? (Choose two)

Stakeholders Management
Top Management
Middle Management
Bottom Level Management

Answer(s): B,C

Explanation:

Information processing is the exchange of information among people, processes and systems within an organization. It is crucial for achieving business goals, making informed decisions and working efficiently. To effectively deliver the information needed to decision makers, Management Information Systems (MIS) need to have the necessary components to collect, process, store and retrieve the information whenever it is needed. The success of information processing depends on the alignment of MIS with the organizational strategy, structure and culture. Therefore, the two management departments that are responsible for the success of information processing are top management and middle management. Top management is responsible for setting the vision, mission, goals and objectives of the organization, as well as defining the policies and procedures that guide the information flows. Middle management is responsible for implementing the plans and strategies of top management, as well as coordinating and supervising the activities of lower-level managers and employees. Both top and middle management need to ensure that the information systems are aligned with the business needs, and that the information flows are effective, efficient and secure.

Reference:

1: Practices for managing information flows within organizations:
Management Information Systems (MIS): Definition and How It Works: Information management

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QUESTION: 6

Information can be defined by which two entities that reduces uncertainty? (Choose two)

Tangible
Intangible
Static
Dynamic

Answer(s): A,B

Explanation:

Information can be defined as data that has been processed or organized in a meaningful way that reduces uncertainty. Information can be either tangible or intangible, depending on whether it has a physical form or not. For example, a printed report is tangible information, while an email is intangible information. Information can also be static or dynamic, depending on whether it changes over time or not. For example, a historical record is static information, while a stock price is dynamic information. However, the question asks for the two entities that define information, not the two attributes that describe information. Therefore, the correct answer is A and B, tangible and intangible.

Reference:

Sample Exam - GAQM, page 2, question 6.

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QUESTION: 7

Information derived from processing transaction reduces uncertainty about a firm's order backlog or financial position.

True
False

Answer(s): A

Explanation:

Information derived from processing transaction reduces uncertainty about a firm's order backlog or financial position because it provides a quantitative and forward-looking measure of demand. Order backlog is the amount of orders that a firm has received but not yet fulfilled. It reflects the expected future revenue and cash flows of the firm, as well as its ability to meet customer needs and expectations. Order backlog can also indicate the competitive position and market share of the firm, as well as its operational efficiency and capacity utilization. Therefore, disclosing order backlog can help stakeholders such as investors, analysts, managers, and regulators to assess the firm's performance and prospects more accurately and reliably.

Reference:

Sample Exam - GAQM, page 4; Implications of Disclosing Order Backlog, page 1-2; Backlog Definition, Implications, and Real- World Examples - Investopedia

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QUESTION: 8

Processed or Meaningful data can be defined as ___________

Metadata
Information
Raw Data
Artifacts

Answer(s): B

Explanation:

Processed or meaningful data can be defined as information, which is data that has been organized, processed, or structured in a meaningful way according to the given requirement. Information is processed data which includes data that possess context, relevance, and purpose. Information is also the output of data processing, which is the collection and transformation of raw data into useful information. Information can be used for decision-making, analysis, or communication purposes.

Reference:

https://careerfoundry.com/en/blog/data-analytics/what-is-data-processing/ https://www.lisedunetwork.com/definition-and-types-of-information/

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QUESTION: 5

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QUESTION: 8

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